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Federal authorities one step closer to busting JPMorgan Chase hackers

A recent New York Times report indicates federal authorities are a step closer to bringing a case against those accused of breaching JPMorgan Chase

By Michael Hatamoto from Mar 16, 2015 @ 14:15 CDT

The US federal government believes a criminal case could begin against those responsible for breaching JPMorgan Chase, after 83 million customers were impacted. The breach last October led to customer names, addresses, phone numbers and email addresses being stolen - and investigations began immediately after the breach was revealed.

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A few of the suspects live in countries which have extradition treaties with the United States, according to the New York Times, which means authorities could open criminal cases. Following a more thorough investigation, it was found that the breach wasn't nearly as sophisticated as originally believed.

"The bad news is that many of these folks are located overseas, and they are using encryption and servers all over the world," said Leslie Caldwell, assistant attorney general for the criminal division of the Justice Department, in a statement published by the New York Times. "But the good news is if we are able to jump on the breach early enough, we have an electronic trail and can get that evidence."

NEWS SOURCES:Nytimes.com, Cdn.abclocal.go.com

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